Money Cures All

Obama makes an ass of himself at a press conference, arguing that the private sector economy is fine and that the torrent of national security leaks requires no investigation. So the next natural step is to hold a fundraiser.

President Obama had a rough day in the soundbite wars after declaring that "the private sector is doing fine," but that won't stop him from having a banner day in fundraising this afternoon.

The president is joining 20 donors for "an intimate affair" at the Jefferson Hotel in Washington, D.C., according to the pool reporter. It's a private event without media coverage. The attendees are paying $40,000 per person to meet with Obama, meaning the fundraiser will rake in $800,000 for his campaign, the Democratic National Committee, and other state parties.

This morning, Obama said "the private sector is doing fine" during a press conference. "The big challenge we have in our economy right now is state and local government hiring has been going in the wrong direction," he said, calling for Congress to bailout the states that have laid off public employees as cost-cutting measures.